Bitcoin Whales Bought The $60K Dip As Retail Capitulated – Over 11,000 BTC Leave Exchanges
Summary
Bitcoin fell below $62,000 after older wallets sent large amounts to exchanges on June 2–3, with Inflow Coin Days Destroyed peaking at 2.16 million and helping trigger the drop from $71,000. At the $60,000–$61,000 low, whales dominated activity, with the Exchange Whale Ratio rising to 61.6%, indicating major buyers absorbed panic selling while retail sold. In the next five days, whales withdrew 11,422 BTC, worth about $700 million, from exchanges into cold storage. This sharply reduced liquid supply and suggests a strong institutional accumulation zone around $60,000–$61,000.
